February 10, 2017

The Daily Bankruptcy News

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Law:

Dewey Know Why There’s A Retrial? Remember When Dewey & LeBoeuf Was THE Story? - Cy Vance Can't Forget Dewey's DiCarmine Was Above The Fray, Jury Hears
(DBN)

Nationwide Layoff Watch: Banished Beyond The Gates
(DBN)

Biglaw Associates: Are You Working Harder In This Post-MoneyLaw Era?
(DBN)

KWM administrators launch investigation into European arm’s collapse KWM administrators to target former partners to fund Deloitte accounting work
(DBN)

An Apology To All Law Professors
(DBN)

Law School Merit Scholarship Policies — Engines Of Inequity
(DBN)

Do Firms Care When Women Bolt?
(DBN)

Herbert Smith Freehills sues eight partners leaving for White & Case
(DBN)

Billable Hour Deathwatch: of that day or hour no man knoweth
(DBN)

With Giuliani Back at Greenberg Traurig, Rumors Follow Mukasey
(DBN)

2 lawyers fight over armrest on flight
(DBN)

How to improve anything you write in 2 minutes
(DBN)

Litigation in Twitter Nation: When You Can and Can't Tweet in #Court
(DBN)

The Senate Voted to Confirm Sessions. It Wasn’t Pretty. 'If he violates the Constitution, we'll sue': The ACLU has a warning for Jeff Sessions Trump Has Found His Alter-Ego in Attorney General Jeff Sessions Trump Signs Executive Actions on Crime as Sessions Is Sworn In
(DBN)

Woman Blames Firing on Hindu Death Curse
(DBN)

Oklahoma lawyer and the woman he represented in a divorce are shot and killed
(DBN)

Ninth Circuit Upholds Temporary Restraining Order On Trump’s Travel Ban Trump furious after court upholds block on travel ban 'See you in court,' Trump tweets after 9th Circuit panel unanimously refuses to reinstate his travel ban Ninth Circuit, Asserting Its Role, Keeps Nationwide Block on Travel Ban in Place 7 Ways Ninth Circuit Judges Totally Threw Shade at Trump's Arguments for Travel Ban How to Read (and How Not to Read) Today’s 9th Circuit Opinion How Trump lost: Views from all sides The 9th Circuit’s Broad Ruling Is a Massive Blow to Trump’s Immigration Ban These are the possible next steps for judges weighing Trump's travel ban Meet the 3 judges who will rule on Trump's immigration ban After Mr. Trump’s Din, the Quiet Grandeur of the Courts Record Audience for Appeals Court's Hearing on Trump Travel Ban The Key Arguments in State of Washington vs. Trump
(DBN)

Trump Lawyers Get Ready: You'll Be in Court a Lot
(DBN)

Chuck Cooper Withdraws From The Solicitor General Sweepstakes!
(DBN)

UK: Firm of the Year 2017: The Best-Managed Firms Firm of the Year 2017: The Worst-Managed Firms
(DBN)

You Need To Deal With Your Work Stress. Here's How
(DBN)

Flinging Iced Coffee at Deposition Gets Lawyer $250 Fine
(DBN)

‘Legal Asylum’ Lampoons Law School Rankings
(DBN)

Master Criminal: Man stuck in chimney arrested for 77th time...
(DBN)

Cambridge law student filmed on Snapchat torching £20 note in front of homeless man
(DBN)

10 lawyer-authors choose the top 10 law novels in the past 10 years
(DBN)

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Judges:

SCOTUS Pick Calls Trump's Tweets About Judiciary 'Demoralizing' Spicer gets into heated exchange with reporters after insisting Gorsuch's comments had nothing to do with Trump Trump Lashes Out at Senator Over Gorsuch's Own Words Trump: No, my Supreme Court nominee didn’t criticize me. (Nominee’s spokesperson: Yes, he did.) Trump accuses US senator of misrepresenting Supreme Court nominee's 'disheartened' remarks When Presidents Think About Defying the Courts The Tricky Politics of Neil Gorsuch and President Trump's Insults to Judges Morning Joe hosts call out GOP on Trump on judge attacks: ‘We’re talking about the sanctity of our constitution’ Federal Judges Are Responding to President Trump's 'Childish Tantrum' With Silence Not Even Andrew Jackson Went as Far as Trump in Attacking the Courts Poll: How Screwed Is Judge Gorsuch Over These Trump Comments? Federal judge calls into question ‘legitimacy’ of Donald Trump’s presidency Federal Judge Says Trump’s Comment Could Undermine President’s Legitimacy Buchanan: Trump must break judicial power Threats against judges in immigration ban cases leads to increased security
(DBN)

Court's Message to Trump: We Won't Back Down
(DBN)

Gorsuch Complained About Leaks by SCOTUS Clerks Judge Neil Gorsuch Is a Man of Integrity and Compassion
(DBN)

Democrats Are Trapped on Gorsuch and the Filibuster Crying wolf over Neil Gorsuch
(DBN)

George Washington’s Supreme Court Nominees
(DBN)

Trump's Illusory Answers to Imaginary Crime Problems
(DBN)

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Wall Street:

U.S. stocks poised to build on Trump tax-inspired gains
(DBN)

Stocks Close At Record Highs
(DBN)

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Layoffs:

Troubled startup Zenefits just laid off almost half its staff, 430 jobs
(DBN)

Bank tellers are the next blacksmiths
(DBN)

French’s To Layoff 140 Employees At Springfield Plant
(DBN)

Humana to lay off 500 home-care workers in Ohio and Florida
(DBN)

UTC Aerospace to lay off 90
(DBN)

Kellogg's Could Lay Off 1,100
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Shipping:

China's Shipbuilders Go From Boom to Rust
(DBN)

Precious Shipping slumps to $75m loss in 'unthinkable' year for dry bulk
(DBN)

Maersk Says Sanity Is Returning to Shipping as Freight Rates Gain
(DBN)

The world's largest container carrier is in big trouble
(DBN)

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Marijuana:

It remains to be seen how Sessions will handle the nascent marijuana industry 'Deals lost and second thoughts': Jeff Sessions has the legal-marijuana industry looking over its shoulder The Trump Administration doesn't appear to be slowing investment in the marijuana industry
(DBN)

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Personal Finance:

The surprise bill coming your way this tax season
(DBN)

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Coal:

Goldman Sachs, Others Arrange Peabody Upsize to $950MM
(DBN)

A bounce in US coal production won't help many coal country Trump voters
(DBN)

As coal shortfall looms, miners enjoy unexpected boom
(DBN)

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Travel:

Snowstorm snarls flights; 3,000 cancellations and growing
(DBN)

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Retailing:

Gift Cards Sold in Bankruptcy Must Have Adequate Protection
(DBN)

Netflix Show About Nasty Gal Founder to Premiere This Spring
(DBN)

Why a Hudson's Bay buyout of Macy's could end badly
(DBN)

Is Sears toast? Retailer's stock hits all-time low
(DBN)

Neiman Marcus Credit Rating Lowered to Perilous Triple-Cs Neiman Marcus downgraded deep into junk as S&P forecasts continued weakness
(DBN)

BCBG kicks off Fashion Week amid talk of store closures, bankruptcy filing
(DBN)

Hilco Streambank to Sell Intellectual Property of The Wet Seal, LLC.
(DBN)

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Healthcare:

PVHC bankruptcy process proceeding slowly
(DBN)

Business as usual for Pushmataha Hospital since filing for bankruptcy
(DBN)

Americans Are Putting Off Medical Treatments Because They Can't Pay One chart shows just how devastating healthcare costs are for American families
(DBN)

Here's how many people in every state don't have health insurance Conservatives Getting Antsy Over ACA Repeal Why Republicans are suddenly talking about repairing not replacing Obamacare
(DBN)

Patients Cleared To Fight Bankrupt Health Co.'s Collections
(DBN)

Vanguard Debtors Say FCA Row Belongs In Bankruptcy Court
(DBN)

CIH: ‘In active discussions with prospects’
(DBN)

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Coal:

Graph: Coal Production In US
(DBN)

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Radio:

‘Distressing’ iHeart Ratings, But Not From Nielsen
(DBN)

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Aviation:

Lobbyist: Trump supports privatizing air traffic control Airlines are rallying after Trump promises to fix the 'out of whack' air traffic control system
(DBN)

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Student Debt:

60 years old and still in student debt
(DBN)

Why Those Student Loans Aren't Getting Paid Off
(DBN)

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Metals:

State: Mesabi Metallics plan a moon shot
(DBN)

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Tech:

Even Trump’s Spectacular Tweets Don’t Help Twitter
(DBN)

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Economy:

Initial jobless claims unexpectedly fall Jobless claims fall 12,000 to 234,000, near postrecession bottom Weekly Initial Unemployment Claims decrease to 234,000
(DBN)

Prime Working-Age Population near 2007 Peak
(DBN)

Job Openings and Labor Turnover Survey Since 2001
(DBN)

Most states still have jobless rates above prerecession levels
(DBN)

Larry Summers: Do companies care too much about the short term? The jury is still out.
(DBN)

Trump’s nominee for labor secretary has his own job-market metric Labor nominee Puzder's company wins discrimination trial delay as confirmation looms Fast-food CEO Andy Puzder says he will divest from more than 200 investments if confirmed as labor secretary Why Trump’s Romance With Big Labor Is Headed for the Rocks
(DBN)

Almost Half of Young Adults Get Rent Help From Parents
(DBN)

This could be the next Federal Reserve chair
(DBN)

Here's what Goldman Sachs CEO Lloyd Blankfein is telling clients about uncertainty in the market The Lloyd Abides
(DBN)

Trump says he is releasing something 'phenomenal in terms of tax' in 2 to 3 weeks The stock market’s big winner in any Trump-backed tax reform Trump tax plan to help businesses, working Americans: White House
(DBN)

Trump said they were ‘getting away with murder.’ Now they might be getting a tax break.
(DBN)

People Actually Use Food Stamps to Buy More Food
(DBN)

Companies being advised to make Trump look like a winner The unanswered question in Trump’s announcement of a $7 billion Intel investment
(DBN)

The idea of a border-adjusted tax just ran into trouble in the Senate
(DBN)

Financial Industry Worried About Effects of Border Adjustment Tax Plan
(DBN)

The Republican tax reform plan might mean higher prices for consumers after all
(DBN)

Trump is ready to renegotiate NAFTA. Here’s what that might look like.
(DBN)

One major issue divides the airline CEOs meeting Trump Thursday Trump faces delicate balancing act between U.S. and foreign airlines
(DBN)

The gender pay gap is narrowing for millennials — 'but for the wrong reasons'
(DBN)

Why Trump's plan to tax cars built in Mexico is un-American
(DBN)

California Farmers Backed Trump, but Now Fear Losing Field Workers What Happened When the U.S. Got Rid of Guest Workers? Farms Used Less Labor
(DBN)

How Obamacare Repeal Could Change Your Retirement Plans
(DBN)

Leading Shadow (Cash) Economies
(DBN)

Here's where US immigrants have come from over time
(DBN)

The Real-Life Consequences of the Federal Hiring Freeze
(DBN)

Trump border 'wall' to cost $21.6 billion, take over 3 years to build
(DBN)

Trump may be abandoning conservatives on one of their most symbolic issues
(DBN)

Treasury nominee vows no tax cut for rich. Math says the opposite.
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage rates stuck in a holding pattern
(DBN)

New York City landlords have never been this aggressive about filling up vacant apartments
(DBN)

The 25 best places to live where the average home costs less than $250,000
(DBN)

More unmarried couples say 'I do' to a mortgage
(DBN)

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Municipalities:

Puerto Rico said to seek deeper concessions in utility deal
(DBN)

Puerto Rico Collapse Casts Bond-Market Pall Over Pacific Island
(DBN)

Puerto Rico to pay $1.4 mln in general obligation debt Puerto Rico to pay some debt while creditors brood
(DBN)

Fiscal team details plan of action to restructure Puerto Rico debt
(DBN)

Dallas Police Association Weighs In On Proposed Pension Changes 'Politics of intimidation,' or family feud? Anger grows as Dallas Police and Fire Pension System looks for fix
(DBN)

Michigan ending discounts for Flint water bills
(DBN)

The Man Behind Illinois Fiscal Fiasco
(DBN)

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Oil/Gas:

Why oil could now be in a 'danger zone'
(DBN)

EIA: "U.S. energy trade with Mexico: U.S. export value more than twice import value in 2016"
(DBN)

Oil rises above $56 a barrel on 90% compliance with OPEC production cuts Oil prices rally after IEA lifts global demand forecast
(DBN)

Saudi Arabia taking on the burden of OPEC oil cuts
(DBN)

Ultra Petroleum Seeks $2 Billion in Exit Financing
(DBN)

IRS Objects To Releases In Samson Resources Ch. 11 Plan
(DBN)

Wall Street bets on oil comeback
(DBN)

How Trump's tweets also hit companies' credit risk
(DBN)

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Politics:

Elizabeth Warren puts Attorney General Jeff Sessions on notice in fiery tweetstorm
(DBN)

Trump goes after John McCain: 'He's been losing so long he doesn't know how to win anymore' Top Bush ethics lawyer unloads on Trump's ethics controversy: 'What he did was particularly reprehensible' SNL’s portrayal of Sean Spicer is still ‘gnawing’ at Trump days later There's one big reason why Macy's may not dump Ivanka Trump 26 retailers that still sell Ivanka Trump's fashion brand despite boycotts Merriam-Webster can’t stop trolling the Trump administration on Twitter How Long Trump’s Voters Are Willing to Wait for Him to ‘Make America Great’ Democrats Lash Out at Trump as Hopes of Cooperation Evaporate
(DBN)

Melania Trump Inc. Imperiled
(DBN)

Kellyanne Conway encourages Americans to 'go buy Ivanka's stuff,' potentially violating ethics rules Trump Finds a New Use for His Bully Pulpit: Protecting His Family Business Trump Enlists the White House Staff to Boost His Family Business It sure looks like Kellyanne Conway just broke federal ethics rules House Oversight Chairman says Kellyanne Conway was 'wrong' to promote Ivanka Trump's brand White House (Sort of) Just Acknowledged that Kellyanne Conway Broke Ethics Rules Here’s What Happens to Kellyanne Conway If She Broke Law By Promoting Ivanka Products Kellyanne Conway 'has been counseled' after she told Americans to 'go buy Ivanka's stuff'
(DBN)

The (Still) Conservative States of America
(DBN)

Elizabeth Warren Tells Why She Wouldn't Stop Reading Coretta Scott King's Letter Elizabeth Warren on the #ShePersisted outcry: it’s inspired “a better democratic conversation” Mitch McConnell’s censure of Elizabeth Warren just gave her a much bigger platform Elizabeth Warren and the rising passions of the Senate Lindsey Graham Says Elizabeth Warren’s Senate Silencing Was ‘Long Overdue’
(DBN)

Most states with largest insurance gains under Obamacare voted for Trump
(DBN)

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Awards:

2017 Client Choice Insolvency Award Winners
(DBN)

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Mining:

$1 billion ArcelorMittal claim, governor's objections, complicate Essar bankruptcy
(DBN)

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Circuses:

Big Apple Circus Finds Buyer in Compass Partners Big Apple Circus Receives Bid That Might Keep Show Alive
(DBN)

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Debt Collection:

CFPB: Debt Collection Tops Consumer Complaints for December
(DBN)

Court Rules 125 Calls in 135 Days is Not FDCPA Violation
(DBN)

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Pharma:

The list price of a life-saving overdose treatment has increased 680% in the last 3 years — and 31 senators are now asking for answers
(DBN)

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Autos:

Tesla: Workers complain: Aggressive deadlines, low pay, dangerous conditions
(DBN)

Takata Forecasts Third Annual Loss After Settlement in U.S.
(DBN)

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Electricity:

Watchdog Opposes Broad Releases In Homer City Ch. 11 Plan
(DBN)

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Fraud:

Rennert Says MagCorp Jury Should Have Been A Judge
(DBN)

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Personal Finance:

Graduates are using text speak in their CVs and it's stopping them getting a job
(DBN)

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Education:

Public Universities Become Prime Targets for State Budget Cuts
(DBN)

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Hollywood:

Relativity investor pushes to liquidate failing studio Relativity Liquidation Attempted After Ryan Kavanaugh Allegedly Freezes Out Co-Management
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
(DBN)

Seminars - (Contact us to list your seminar)

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Avoidance Actions:

Bankruptcy Judge: Mother Had No Duty to Pay Daughter's College Bill
(DBN)

A New Page in the Tribune Bankruptcy Diary
(DBN)

Sixth Circuit Pens Major Decision on Duty to Investigate Suspicions of Fraud
(DBN)

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Mediation:

How Mediation at the End of a Case is Wasteful
(DBN)

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Ch. 13:

Forced Vesting Does Not Satisfy Confirmation Requirements
(DBN)

Creditors Get Personal Injury Proceeds Although ‘Commitment Period’ Expired
(DBN)

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Cross-Border:

Australian Mining Equipment Co. Files For Ch. 15 Protection
(DBN)

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TIA:

Second Circuit Narrowly Interprets the Trust Indenture Act in Marblegate
(DBN)

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Substantive Consolidation:

Substantive Consolidation: It’s Alive and Well (or Maybe Just Alive)
(DBN)

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Trustees:

UST Looking For Ch. 7 Panel Trustee In SD TX
(DBN)

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SCOTUS:

Safe Harbor Cert Petition Set For Conference on 2/24
(DBN)

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TBTF:

The bigger banks get, the harder we will fall
(DBN)

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Corporate Reform:

In another blow to Trump, court upholds Obama-era retirement advice rule
(DBN)

Memo from a key congressman outlines plan to gut Dodd-Frank bank rules Hensarling plan for drastic overhaul of CFPB and Dodd-Frank revealed?
(DBN)

GOP preparing plan to gut Consumer Finance Protection Bureau, roll back Wall Street regulations
(DBN)

White House Clearly Just Trolling Elizabeth Warren With Rumored CFPB Candidate
(DBN)

The Idea Of Handcuffing Some Deutsche Bankers Is Piquing Interest At The DoJ
(DBN)

U.S. consumer watchdog targeted for budget cuts by Republican lawmaker
(DBN)

U.S. Scrutiny of Banks Could Fall to Business Lobby Lawyer
(DBN)

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Food/Beverage:

Return of Erie County Farms? Unlikely, despite sign
(DBN)

Texans-branded restaurant shutters as post-Super Bowl shutdowns continue
(DBN)

Whole Foods is closing stores — see if yours is on the list
(DBN)

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Distressed Investing:

Cerberus Raises $1.8B In Latest Real Estate Fund
(DBN)

Investors Are Snapping Up Asia's High-Risk Junk Bonds
(DBN)

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Newspapers:

2 Massachusetts daily newspapers cease publication
(DBN)

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Celebs:

'Housewives' Star's Ex-Atty Looks To Ax Bankruptcy Deal
(DBN)

'Dance Moms' news: Show to go on without Abby Lee Miller?
(DBN)

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Mail:

Postal Service says it lost $200 million over holiday season
(DBN)

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Textiles:

Bankruptcy judge approves sale of Microfibres assets
(DBN)

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UK:

'Fast-tracked' BHS investigation will stretch to 2019 BHS investigation won't be over until at least April 2019
(DBN)

RBS rejects calls to beef up its £400m fund meant for customers affected by its restructuring unit
(DBN)

Make insolvency great again
(DBN)

Waitrose is closing 6 of its stores and Twitter is reeling
(DBN)

Goldman Sachs’ Hedge Fund Is Doing A Super Hard Brexit
(DBN)

40% of Brits believe they will NEVER retire due to money woes
(DBN)

London is set to lose its role as the financial 'gateway to Europe' — and Brexit is to blame
(DBN)

UK manufacturing jump shows economy ended 2016 strongly despite Brexit vote
(DBN)

UK could have little more than one year for Brexit negotiations, economist says
(DBN)

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EU:

Trump's top pick for EU ambassador: 'Whether the eurozone survives, I think it's very much a question that is on the agenda'
(DBN)

A Generation in Europe, Stuck in ‘Permatemp’ Jobs
(DBN)

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PIIGS:

German FDP party leader: Greece should quit the euro zone Greece's Never-Ending Fiscal Drama Bubbles Back Up Greek FinMin Meets With Creditors to Unlock Talks on Bailout Brussels meeting possible as creditors prepare proposal Greek yields spike amid creditor dispute, minister reveals pressure from IMF Greece is in trouble again over its 'explosive' debt – here's why Should Greece stay or should it go? Analysts divided on whether Greece will exit euro Can Greece Break Its Deadlock With Lenders? A Q&A With Greece's Papadimitriou Greek bonds sell off sharply as EU-IMF rift deepens Greece hopeful of imminent EU debt deal despite German warning Former Greek finance minister Yanis Varoufakis accuses creditors of going after Greece's 'little people' Eurogroup's Dijsselbloem: Greek primary budget surplus is 'on table' Athens must pay because IMF can't and Berlin won't Greek Two-Year Bond Yield Crosses 10% Amid Creditor Dispute
(DBN)

The World’s Oldest Bank Is Stuck With Beautiful Tuscan Villas It Can’t Sell Banca Monte dei Paschi di Siena loss widens
(DBN)

It's Not Greece The Eurozone Needs To Worry About, It's Italy
(DBN)

Portugal's finance minister feels the heat in row over bank
(DBN)

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Canada:

Trump to meet Canada's PM amid tensions over trade, immigration
(DBN)

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Venezuela:

Venezuela falls behind on oil-for-loan deals with China, Russia Venezuela delays crude shipments amid operational mishaps, low output
(DBN)

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France:

Le Pen debt plan threatens massive default, say agencies
(DBN)

Creditors to leasing firm Fraikin hire restructuring advisers
(DBN)

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Nigeria:

Nigeria's biggest airline Arik Air goes into receivership Arik Air Vows to Challenge Govt Takeover
(DBN)

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India:

India applies to extradite Kingfisher tycoon Mallya from UK
(DBN)

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China:

This is how you know something desperate is going on in China's economy
(DBN)

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Brazil:

Rio is stuck with big bills and vacant venues after Olympics
(DBN)

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